16903. Rochester Bank (Rochester, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 9, 1883
Location
Rochester, New York (43.155, -77.616)

Metadata

Model
gpt-5-mini
Short Digest
4aba267b

Response Measures

None

Description

Newspaper accounts report the Rochester bank suspended (along with a Victor branch) and show severe asset deficiency (deposits far exceeding assets) and criminal prosecution of the president. No article describes a depositor run or later reopening; indicates permanent suspension/closure and legal action. OCR errors in Article 1 (garbled phrasing) were corrected when interpreting references to the Rochester bank's suspension and president Upton.

Events (1)

1. June 9, 1883 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Severe asset deficiency: Rochester bank had $900,000 deposits but only $50,000 in assets; Victor branch had deposits with no assets; president (Upton) implicated and to be tried; insolvency/possible fraud led to suspension.
Newspaper Excerpt
The Victor bank was a branch of a Rochester bank, of which Charles Upton was president, and both suspended the same day, the Victor bank with deposits amounting to $130,000 and no assets, and the Rochester bank with $900,000 deposits and assets valued at $50,000.
Source
newspapers

Newspaper Articles (2)

Article from The Douglas Independent, December 30, 1882

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Article Text

LATEST BY NEWS SUMMARY The TELEGRAPH TO DATE itentiary Austin Hamilton burned county, on the New York, $5000. perished; loss, $45,000; 19th. insurance Henry county, The farm Kansas, house of John Clark, perished the in the 17th. flames, Three small burned children the of ers At Baltimore have been arrested seventeen others conspiracy At from and working.Attempting for on a charge to keep of going the 19th, St. to Louis pay was the a clerk men of at N.H. six Fairbank, $1800, No clue set to upon the and o'clock robbed plosion women in a were injured have Valerien, Eight cartridge robbers. by an not to reexpected died and others France, are on the 18th. factory Five at Mt. excover. by A the building Mutual contemplated in point 161 It feet. is it reaches to be eleven a height Life of insurance high. At New one company York cost $1,500,000. by chal, At Waxahatchie, J. Tex. H. Spanlding, the city riddled bullets. ing body. Chas. him to with hunted Smith. arrest. a Smith Citizens negro down whom turned was and he killed mar- try The for gaged the attorneys heirs of Wm. to Blackmore and which treasury stands ground the in Washington, capitol, dred residences navy and buildings, in New York years, was enticed respectable aged Alfred 70 Clock, stores. into citizen, house is arrested Francis as one Wm. that played from escaped recently at ou Nine Chas. bunko prisoners game and similar swindled of the parties. to out of Edwards a $8575 the Texas. Pleasanton, a horses reign and of terror in that jail, re creating 19th, they captured shooting citizens. county stealing Cn lets. to the woods and riddled Mr. Lewis, him with took him the the third N.Y. City a on the 20th. in the city, closed rated doors The Rochester strongest There Bank bul its the deficiency suspension of $500,000. is said to tion in stocks and 18 thought to The be cause be of Chas, A E. Upton. oils the president, speculagas dealers store of John explosion P. Lovell caused a fire in It in was fire arms, powder, & Sons, $125,000 stock. 20th. shells, time owing etc. to Lovell a sensational constant loses explosion fire etc., Boston, for the the the Building damaged Creston, death of Iowa. a $100,000 over the It trichinre, ping His wife, with caused three children. by eating diseased pork. stop- reThe the girl cannot the infection. twenty-one is thought case days them of Mrs. after are sick. and recover. a Nast girl died E granted insane in Chicago Seoville, adjudged from the a new trial, recently, has and then ported the docket by been stricken D tic troubles of the this will end are the reunited and The it is Malleable hoped unhappy Scovilles agreement. couple in the courts It is domes of the Manufacturers doors. Association Pittsburg, Pa., on United Iron the 20th, States met closed not known. The result It of the with of advancing sider the ad held A general convention advisability understoad of iron conference men to prices, Michael on the state of trade. men arraigned Flynn. the last of th was s convicted the 20th. on at Huddys Dublin Longh for Mask the murder of three the be hanged a from absent the eight witnessunnary crime the at scene a was funeral committed. of stated the thirteen 17th the prisoner sentenced miles on the the away Dora German Huber, York New first case under for the suicidal girl attempt on trial the in avoided a wedding compromised the prison by with the law and pleasantly sake whose e was willing and came near to she dying. marry Tue young young phosphorns man for supposed Two he intended to her, but she on the 20th on the Troy and telescoped Melrose freight The trains were desert Boston d five cars were locomotives roads is of was killed. back of brakeman. and Pittsfield Frank Brundages, anex wrecked brakeman, John Pittsfield, and thirty Reartion Is es Engineers Cross are injured and Chas Dennis but dying will K llingbeck from O'Brien, a broken and Lakeman ! S. court at has entered powder suit of Hulings The California, Atlantic Pittsburg, giant recover company patents for against Marcus in the mg certain der, ployed covering manufacture ringement processes of valuable Y If the nitro case is other of giant nopoly of it will give in favor of the plaintiff the decided almost explosives. d in Three well-dreaten the United manufacture of explosives mocompany office of the Detroit masked men of Clifton, at Morencia, four Copper entered Mining in manded of Mr. on the 10th, miles and south dent. N. M Church, superintenat the and same his time brother. to the open the vers, one hundren The safe was presenting opened their revol safe was over package looked. containing and tifty $5000 dollars and taken. about F. Kip Walter eral and ling on sent sessions in were arraigned charge to the Shibley Tombs New in York and the Henry on court Dec. of gen- 20th Sut for Wm. a and himsel mail, pen. Shibley of theft was attempted default of lawyer. be to a the man. course single by to him business Sutpen to be the when deed. reconveyed was closed. saction d t ed of $14,000, check belonging to e deeds ling of of a $140,000. certified disappeared. Sibley and property also with got this to possession the and Sutper tran the er re turn called the deeds on Sutpen The and next offered day Kip woman also appeared for a consideration claiming to be to Mrs re


Article from Lancaster Daily Intelligencer, June 9, 1883

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Article Text

MAIL NEWS. WHAT HAPPENINGS END THE Various Occurred from all Over the Land -Events of the Time -Frauds of the Day. Wm. C. Moore, expresident of the bank of Victor, N.Y. was arrested yesterday, Benton township, Iowa, and lodged in jail. The Victor bank was a branch of a Pochester bank, of which Charles Upton was president, and both suspended the same day, the Victor bank with deposits amounting to $130,000 and no assets, and the Rochester bank with $900,000 deposits and assets valued at $50,000. Moore and his son George went to Atlantic, Iowa, three months ago and George bought farm in Benton township, on which both were living at the time of the father's arrest. Upton, of the Rochester bank, will be tried soon. Inquiry into the quality of lard furnished by Fowler Brothers, on account of complaint from Mr. McGeoch, is progressing secretly before a committee of the board of trade in Chicago. It was learned yesterday, from outside sources. that two witnesses, employes of the Fowlers, testified that " they frequently saw beef and mutton tallow loaded upon the elevator to be lifted to the floor on which the rendering tanks were filled, and that the same machinery was used in making prime steam and "refined" lard It is understood in Nashville, Tennessee, that a suit will be brought in a day or two against the estate of Thomas o Connor in volving $104,000, the alleged profit of joint speculation between 'Connor and ex treasurer Polk, in Tennessee bonds. The state sues to recover the defaulting treasurer's share of the profits. Lawson E. McKinney treasurer of Monroe county, Indiana, is reported $15,000 short in his accounts. He stole the money to speculate in stocks. His bonds men have made $11,000. Recent Accidents. William Stevens, at one time a noted oarsman, was found drowned yesterday at Poughkeepsie. He disappeared on the of December last. It is supposed his death was accidental -The whistling buoy on Southwest Ledge, between Block Island and Montauk Point, was moved a week ago to the north end of the island, with, it is asserted, only one day's notice. Since its removal three vessels have gone ashore. leak caused by a broken drain was discovered yesterday in the canal at East Utica, New York. The delay to navigation will probably be but brief -The Clark insulated electric wire works at Bristol, Pa.. were burned early yesterday morning, with a quantity of arial and The submarine cables. Loss $50,000. The company began to rebuild at once. fire caught from a steam pipe.- The Wash ington express train on the New York and New England railroad came in collision with a freight train near Willmantic, Coun. on Thursday night, causing conThe siderable damage to the engines. engineer and fireman jumped and were comewhat injured, Engineer Mark Breer being the most seriously hurt. During the burning of some barns in East Chazy, Clinton county, New York, yesterday morning, a father and son named Cushing were burned to death Labor Notes. When the scale for iron workers was signed at Pittsburgh, it was found that there was strong disposition among the workmen in Cincinnati to break the agree ment to abide by the scale. To effect this a scale was presented lower thau the Pitts burgh scale, but it was rejected. ester day a meeting of the Amalgamated asso ciation of iron and steel workers of Cin cinnati, Covington and Newport was held when it was agreed to present labor scale on the Pittsburgh basis. It is thought all the mills will be running by Monday. A telegram from Boston says the Bridge woolen mills will soon be shut down for an indefinite period. Some of the mills were stopped some time ago for repairs the rest will be closed as soon as the stock can be run out. Hinsdale Brothers, who employ about 460 hands in two mills, have also given notice that the mills will be run only three days a week. At a meeting of the Chinese firms of Victoria, B.C. on Thursday, it was re solved to ask the Chinese government to allow no more Chinamen to emigrate to that province at present. It was said at the meeting that 2.000 Chinese laborers had died during the last year from the effects of exposure, accidents and the sudden change in their diet. The Annals of Orime. Elbert M. Stephenson, convicted of hav ing murdered his aunt a year ago, was hanged yesterday in Lawrenceville, Ga.. in presence of 5,000 people.-Clarence Boyd, the young artist, who was shot by his brother in-law, Dr. Barnes, in Louisville, on Wednesday, died yesterday. Barnes was arrested, but released on au additional bond of $1,000.- is said that an Irish peddler was murdered and robbed a few days ago in Franklin county, Va., by a man named James Wood. The ped dler had stopped at Wood's house over night.-A pistol fight took place eight miles from Patrick Court House, Va., ou Thursday, between Donckley, recently elected sheriff, and Waller, his opponent. They were both on horseback, riding on a mountain side. and when they met Waller gave notice of his intention to shoot. The result, after several rounds, was that Waller received a mortal wound in the abdomen. Donckley horse was shot dead.-The Barber brothers were taken back to the jail at Waverly, Iowa, yester day morning. Last night mob attacked the jail with crowbars, picks, "and all kinds of weapons, and it was feared that the prisoners would be lynched. The Stress of Weather At Winsted, Connecticut, the lightning struck the New England pin shop, shat tering the cupola and stunning a girl. The freight depot of the Connecticut Western railroad was also struck, and Wookruff tannery was set on fire.- heavy snow prevailed yesterday throughout Colorado following an unusually wet season of a several weeks duration. It is said by Denver dispatch that an abundant har vest is assured Two and one quarter inches of rain fell yesterday in New Orleans, most of it within an hour. The streets throughout the city were flooded and the lower floors of many stores were inundated. The schoouer Susan E. Jayne, of New London, with 245 tons of coal for New Bedford, Massachusett, is ashore on the west side of Gooseberry Neck in danger-